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Profitability in 2014 unlikely as MAS posts RM376m Q3 loss

Carrier's shares down 6% as analysts downgrade stock to 'sell'

Wednesday, November 20, 2013 - 06:00

In dire straits: Malaysia Airlines' yields in the third quarter dived 16 per cent as competition forced it to slash fares. With Malindo Air introducing low promotional fares to win market share, yields could come under further attack. - PHOTO: BLOOMBERG

FOLLOWING unexpected losses in the third quarter, Malaysia Airlines (MAS) is not expected to return to profitability next year with continued pressure on yields. The beleaguered national carrier yesterday was trading at around 32.5 sen, down nearly 6 per cent, after analysts downgraded the stock